Updated: Wednesday 17 September 2014, 14:42

Headlines

Companies satisfied with business outcomes from big data

Some 92 percent of executives from companies that are applying big data to their businesses said they are satisfied with the results, according to new research by Accenture. Another 89 percent of respondents rated big data as “very important” or “extremely important” to their businesses’ digital transformation, and 82 percent agreed big data provides a significant source of value for their companies. Read more

Typical family home could contain 500 smart devices by 2022

The falling cost of adding sensing and communications to consumer products will mean that a typical family home, in a mature affluent market, could contain 500 smart objects by 2022, according to Gartner, Inc. Gartner said that the smart home will be an area of dramatic evolution over the next decade and will offer many innovative digital business opportunities to those organizations who can adapt their products and services to exploit it. Read more

Mayo Clinic, IBM’s Watson tackle clinical trial research

Mayo Clinic, IBM’s Watson tackle clinical trial research

Mayo Clinic and IBM plan to pilot Watson, the IBM cognitive computer, to match patients more quickly with appropriate clinical trials. A proof-of-concept phase is currently underway, with the intent to introduce it into clinical use in early 2015. Read more

Georgia Tech’s ISyE Department forms Health Analytics group

When deciding on a course of action in the world of healthcare, there’s very little to no room for error, so collecting and using good data to drive decision-making is amplified in importance. Today, given the increasingly complex and massive amounts of healthcare data collected, the ability to accurately capture, integrate and analyze this data is crucial in helping to better understand current issues and make better decisions within healthcare delivery and public health systems. Read more

Kleinmuntz named director of ND’s new master in business analytics program

Kleinmuntz named director of ND’s new master in business analytics program

University of Notre Dame’s Mendoza College of Business named Don N. Kleinmuntz director of the Notre Dame Master of Science in Business Analytics, a graduate business degree set to launch in the University’s downtown Chicago campus in January 2015. Read more

Gartner’s ‘Hype’ report maps journey to digital business

Gartner’s ‘Hype’ report maps journey to digital business

The journey to digital business is the key theme of Gartner, Inc.'s “Hype Cycle Report for Emerging Technologies, 2014.” According to Gartner, for enterprises setting out on the journey to becoming digital businesses, identifying and employing the right technologies at the right time will be critical. Read more

Analytics Section of INFORMS News

Midwest Practice of Analytics Conference

The second annual INFORMS Midwest Practice of Analytics Conference (IMPAC) was hosted by the University of Chicago Graham School’s Master of Science in Analytics program l on Sept. 4. The conference attracted a diverse group of analytics practitioners from the private, government and academic sectors. Read more

Analytics cluster set for INFORMS Annual Meeting in S.F.

The Analytics Section of INFORMS will present the analytics cluster of sessions and presentations at the INFORMS Annual Meeting in San Francisco Nov. 9-12. The cluster encompasses 20 sessions featuring the most renowned analytics practitioners and leaders. Nine additional sessions will be jointly organized in collaboration with the Health Applications Society (HAS), CPMS (the Practice Section of INFORMS) and the Section on O.R. in Sports (SpORts). Read more

Analytics Section members save $195 on CAP exam

We know your membership in the Analytics Section of INFORMS is valuable to you. Section members are on the forefront of promoting data-driven analytics and fact-based decision making in practice. We would like to reward you for your membership and dedication to the profession. For the rest of 2014, you may apply and sit for the CAP® exam for just $300. Read more

INFORMS Initiatives

Analytics Certification Board Chair Nestler speaks on CAP

Scott Nestler, chairperson of the Analytics Certification Board, was recently invited by executive recruiter Linda Burtch to post information about INFORMS’ Certified Analytics Professional (CAP®) program on Burtch’s blog Burtch Works. Read more

Upcoming INFORMS analytics continuing ed courses

INFORMS, the world’s largest organization for advanced analytics professionals, produces and disseminates data analytics and operations research information, training courses, certification and best-in-class resources for its members and the industry at large. Four upcoming intensive hands-on courses provide professionals with real take-away value, imparting participants with skills, tools and methods that can be implemented immediately in their respective work. Read more

CIO Magazine: INFORMS’ CAP program ‘pays off’

INFORMS’ Certified Analytics Professional (CAP®) program was recently listed first by CIO magazine among the “11 Big Data Certifications That Will Pay Off.” The largest society in the world for professionals in the fields of analytics, operations research and management science, INFORMS’ CAP exam is given at hundreds of computer-based testing centers worldwide through an agreement with Kryterion (a full-service provider of customizable assessment and certification products and services). Read more

Industry News

AnyLogic Conference to tackle complex business problems

AnyLogic simulation and modeling software is utilized by globally recognized organizations to ensure better, more profitable decision-making. These organizations gather each year to showcase their accomplishments at the AnyLogic Conference. The 2014 Conference program includes GE, PwC, Intel, CSX, Symbotic, Johns Hopkins University and more, covering topics such as supply chain, logistics, healthcare, marketing, rail, distribution, warehousing and pedestrian flow. Read more

What’s New in Frontline Solvers V2014-R2

Frontline Solvers recently introduced Version 2014-R2 of Frontline Solvers for Excel, including a new release of its “super product,” Analytic Solver Platform. The biggest news in the release is the introduction of XLMiner Platform, a completely rewritten and far more powerful data-mining tool and its subset XLMiner Pro (still more powerful than the former XLMiner Professional). Read more

DNV GL releases AIMMS-based business simulation game for energy market

DNV GL releases AIMMS-based business simulation game for energy market

DNV GL, a leading technical advisor to the global oil and gas industry, in cooperation with NV Nederlandse Gasunie and the University of Groningen, has developed a novel business simulation game that provides insights into the strategies that market players employ when introducing renewable energy sources in a liberalized energy system. Dubbed “GISEGAS,” the simulation game integrates a web-based front end user interface with a physical world simulation engine built with the AIMMS Modeling Language. Through GISEGAS, the project partners will provide students and companies in the industry with a safe simulation environment to explore different theories and gain new... Read more

More News >>

Instant Replay

(Selected articles that ran in previous issues of Analytics that merit a second look.)

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Conferences

INFORMS EVENTS

November 9-12
INFORMS Annual Meeting

San Francisco

Dec. 7-10
Winter Simulation Conference

Savannah, Ga.

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Oct. 5-9
Predictive Analytics World

Boston

Oct. 20-21
SAS Analytics 2014

Las Vegas

Oct. 27-29
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Quotable

Scott Stephenson“Today, taking risks and innovating go beyond investing in technology. Innovation is about investing in new ways of thinking and empowering people to challenge the status quo – whether to create a new product, find an unconventional solution or anticipate opportunities.”

—­ Scott Stephenson, president and chief executive officer of Verisk Analytics, in his “Executive Edge” column in the September/October issue of Analytics magazine.

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